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Transaction bankingNovember 1 2012

Asia and Latin America: a special relationship in the making?

With advanced economies still languishing in the doldrums, trade between Asia and Latin America is driving global economic growth, and it appears that this blossoming relationship is mutually beneficial. However, could protectionist policies in Latin America dampen this ardour?
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Asia and Latin America: a special relationship in the making?

Trade relations between emerging markets have been strengthening, despite lower economic growth rates in some of their leading representatives. And the longer it takes the eurozone to stabilise and the US to regain competitiveness, the stronger south-south ties will become.

Emerging markets have accounted for 50% of the world’s economic growth every year since 2007 and that proportion will increase to 75% over the next few years, according to HSBC. It is therefore only natural that trade between such markets will intensify.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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